NSE: DCBBANK · BSE: 532772
DCB BANK LIMITED
Operates as a private sector bank in India, taking deposits and making loans across retail, corporate and treasury lines. Retail Banking is the largest contributor at 68.9% of period segment revenue (₹4,236.89 crore YTD as of 2024-12-31), generating income from individual customer accounts, mortgages, gold loans, and MSME lending. Treasury Operations add 22.8% (₹1,399.77 crore) from investments in government securities and other fixed-income assets, while Corporate/Wholesale Banking accounts for 6.5% (₹402.38 crore) from business lending. As of Q1 FY27, deposits stand at ₹74,482 crore (+20% YoY) and advances at ₹59,951 crore (+17% YoY), with a net interest margin of 3.35% and cost of deposits at 6.75%. The bank employs 11,554 staff and plans to reach about 500 branches by FY27 year-end. Asset quality metrics include gross NPAs at 2.43% and net NPAs at 0.84% in Q1 FY27, with capital adequacy at 17.03%. Mortgage disbursements grew 35% YoY in Q1 FY27, and the gold loan book is kept at 20-22% of the overall book with a conservative 75% LTV cap. Tier II Bonds of ₹400 crore are rated CARE AA-, with a ₹2,000 crore Certificate of Deposit programme rated CARE A1+. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking (69%), Treasury Operations (23%), Corporate / Wholesale Banking (7%), Other Banking Operations (2%). Mid-size private sector bank, retail-heavy, expanding deposits and mortgage book with conservative LTVs.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 288 | 466 | 536 | 615 | 732 |
| EPS, as reported (₹) | 9.26 | 14.96 | 17.18 | 19.63 | 23.01 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 1,606 | (1,566) | (1,240) | (3,098) | 4,588 |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 210 | 204 | 238 | 212 | 243 | 249 | 273 | 287 |
| Net profit | 155 | 151 | 177 | 157 | 184 | 185 | 206 | 213 |
| EPS (₹) | 4.96 | 4.83 | 5.64 | 5.00 | 5.84 | 5.76 | 6.39 | 6.62 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HDFC BANK LTD | 10,55,451 | 13.3 | — | — | — | — | — | — |
| ICICI BANK LTD. | 9,88,387 | 17.6 | — | — | — | — | — | — |
| KOTAK MAHINDRA BANK LTD | 4,39,694 | 11.5 | — | — | — | — | — | — |
| AXIS BANK LIMITED | 3,78,522 | 13.6 | — | — | — | — | — | — |
| FEDERAL BANK LTD | 85,395 | 18.2 | — | — | — | — | — | — |
| IDBI BANK LIMITED | 83,342 | 8.9 | — | — | — | — | — | — |
| INDUSIND BANK LIMITED | 66,304 | 50.1 | — | — | — | — | — | — |
| IDFC FIRST BANK LIMITED | 63,344 | 28.3 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.8 | 12.3 | 2 of 20 | 95% |
| Profit growth | 35.6 | 29.5 | 7 of 20 | 68% |
| Market cap | 6169 | 41392 | 18 of 20 | 11% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Newspaper notice issued for postal ballot and electronic voting | compliance | minimal | — | — |
| 26 Oct 2026 · DCB Bank seeks approval for independent director reappointment | board shareholder meetings | low | — | — |
| 23 Oct 2026 · DCB Bank shares earnings call recording for September 2026 results | investor communications | low | — | — |
| 23 Oct 2026 · DCB Bank announces senior management reshuffle and resignation | management changes | medium | — | — |
| 23 Oct 2026 · Independent director proposed for a second three-year term | management changes | medium | — | — |
| 23 Oct 2026 · DCB Bank re-appoints Praveen Kutty as Managing Director and CEO | management changes | high | — | — |
| 23 Oct 2026 · DCB Bank reports H1 FY2026-27 related-party transactions | compliance | minimal | — | — |
| 23 Oct 2026 · Q2 FY27 profit up 29%, management guides higher NIM and ROE | investor communications | medium | — | — |
| 23 Oct 2026 · DCB Bank Q2 FY2027 profit rises 29% as loan and deposit growth stays strong | compliance | low | — | — |
| 23 Oct 2026 · DCB Bank submits results for the period ended September 30, 2026 | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.